
Merced, California 95340
This property presents a High-Potential Investment Opportunity with a List Price of $389,000—positioned above the $358,930 Fair Market Value. While the property requires modernization, its Fair Condition Rating (4/10) and massive 10,173 sq. ft. corner lot provide significant upside for value-add renovations or ADU expansion. Featuring central HVAC and a functional layout, this asset offers a solid foundation for forced appreciation. Given the current market positioning, this is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a project with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2972 Tuxford Court Subject | $389,000* List Price | 3 | 2 | 1,365 | $263 | - |
A 1445 Brookdale Sold | $321,000 | 3 | 2 | 1,389 | $231 | 0.6 mi |
B 2149 Brookdale Dr Sold | $365,000 | 3 | 2 | 1,483 | $246 | 0.7 mi |
C 2733 10th Avenue Sold | $322,000 | 3 | 2 | 1,188 | $271 | 0.8 mi |
D 2348 Katy Ln Sold | $375,000 | 3 | 2 | 1,454 | $258 | 0.6 mi |
E 3191 El Capitan Sold | $337,500 | 3 | 2 | 1,315 | $257 | 0.9 mi |
F 2021 Normandy Lane Sold | $415,000 | 4 | 2 | 1,700 | $244 | 0.3 mi |
G 280 E Olive Sold | $282,000 | 3 | 2 | 1,338 | $211 | 0.8 mi |
H 3559 Vernal Avenue Sold | $350,000 | 3 | 2 | 1,425 | $246 | 1.0 mi |
I 874 Hansen Avenue Active | $450,000 List Price | 3 | 1 | 1,322 | $340 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this property is over 60 years old and shows significant signs of being dated, including popcorn ceilings, older carpeting, and basic cabinetry in the laundry/bath areas. While the listing mentions functional central HVAC and the home appears livable, it requires comprehensive cosmetic updates and modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10173, living area = 1365.
The property sits on a generous 10,173 sq. ft. corner lot, providing significant outdoor space for potential expansions, an ADU, or customized landscaping.
Equipped with central heating and air conditioning, the home ensures year-round comfort, which is a critical feature for the Merced climate.
The property only includes a one-car garage, which may be a drawback for modern multi-vehicle households or those requiring extra storage.
Built in 1961, the home may require updates to its original systems or cosmetic modernization to compete with newer residential offerings in the area.
Welcome home, Sitting on a large 10,173 sq. ft. corner lot, this charming 3-bedroom, 2-bathroom home offers 1,365 sq. ft. of comfortable living space. The versatile floor plan features a spacious eat-in kitchen and a separate family room, perfect for relaxing or entertaining. Enjoy year-round comfort with central heating and AC. Additional conveniences include a one-car garage and flexible 110V/220V indoor laundry hookups. Located within the Merced City Elementary School District, this incredible oversized lot offers endless possibilities for outdoor living. Don't miss out!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,365 | 1,721.5 |
| Lot Size | 10,173 | 7,120 |
| Price | $389.0K | $407.4K |
| Price per sq ft | $285 | $253 |
| Built year | 1961 | 2002 |
| HOA | $0 | $108 |
| Days on market | 19 | 62 |
Jul 3, 2026
$389,000
Initial Listing
Mar 13, 2017
$190,000
Public Record
Dec 23, 2015
$135,000
Public Record
Aug 25, 2000
$73,000
Public Record